Global brokerage gives 'overweight' rating to four Adani Group bonds, but sounds a note of caution on a bond issued by Adani Green Energy
Motilal Oswal Financial Services believes that the company is very well placed to continue to outpace industry growth and gain market share.
Notably, Adani Ports shares were among the top gainers among the 30 constituent stocks of the BSE Sensex
As per the agreement signed on Thursday, the project, envisioned as a transformative step in Kerala's maritime infrastructure, will see its second and third phases nearing completion by 2028
Adani Ports also struck a share purchase agreement for a 95 per cent stake in state-owned Tanzania International Container Terminal Services for $95 million
The state cabinet meeting, chaired by Chief Minister Pinarayi Vijayan, approved the draft supplementary concession agreement
Adani Green Energy clarified today that allegations against Gautam Adani, Sagar Adani, and senior executive Vneet Jaain under the US FCPA by the US Department of Justice are "incorrect."
In the past one week, the market price of Adani Green Energy and Adani Energy Solutions tanked 37 per cent and 32 per cent, respectively.
The NSE Nifty topped the 24,300-level, and was up 350 points following BJP-led Mahayuti alliance landslide victory in Maharashtra elections. Index heavyweights SBI and RIL were the top gainers so far.
Last week, shares of Adani Group tanked up to 28% after Gautam Adani, along with other executives, were charged by US prosecutors with bribery, fraud charges.
US International Development Finance Corp last November said it would provide $553 million in financing for the port terminal project in Colombo, the capital of Sri Lanka
Adani Enterprises stock may re-test support around its 200-WMA, like it did post the Hindenburg allegations in Jan-Feb 2023, technical chart shows.
Vneet Jaain, former chief executive officer at Adani Green Energy along with Adanis, prosecutors said, raised over $3 billion in loans and bonds by hiding their corruption from lenders and investors
Gautam Adani, along with other executives, has been charged by US prosecutors for allegedly bribing ($250 million) Indian officials.
Given APSEZ's market leadership and operational efficiency, it is set to remain a dominant beneficiary of growth in the ports sector with capex plans being funded via a mix of debt & internal accruals
During the quarter, the company handled a total cargo of 111 MMT, up 10 per cent YoY
Q2FY25 company results: Adani Ports, Adani Enterprises, Canara Bank, Muthoot Capital, and SBI Cards and Payment Services will be releasing their second-quarter earnings report on October 29
Shares of Adani Energy Solutions, Adani Ports, Adani Enterprises, Adani Power, Adani Green Energy, Adani Total Gas, Adani Wilmar and Ambuja Cements were up in the range of 2 to 6 per cent.
Stock market crash: The BSE Sensex crashed up to 962 points or 1.17 per cent to 80,726.06 levels, while NSE's Nifty50 fell 244 points or 0.97 per cent at 24,770 levels in intraday deals